Emera Inc (EMA) PT Set at C$51.50 by Raymond James Financial, Inc.

Emera Inc (TSE:EMA) has been assigned a C$51.50 target price by Raymond James Financial, Inc. in a report issued on Monday. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial, Inc.’s price target indicates a potential upside of 11.69% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. CIBC raised their target price on shares of Emera from C$53.00 to C$54.00 in a research note on Thursday. Desjardins reaffirmed a “buy” rating and issued a C$50.00 target price on shares of Emera in a research note on Thursday, November 24th. TD Securities decreased their price target on shares of Emera from C$55.00 to C$53.00 and set a “buy” rating on the stock in a research note on Monday, December 19th. Royal Bank Of Canada reissued an “outperform” rating and set a C$62.00 price target (up from C$60.00) on shares of Emera in a research note on Tuesday, November 8th. Finally, Barclays PLC decreased their price target on shares of Emera from C$52.00 to C$51.00 and set an “overweight” rating on the stock in a research note on Monday, December 19th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$53.95.

Analyst Recommendations for Emera (TSE:EMA)

Shares of Emera (TSE:EMA) traded down 1.04% during mid-day trading on Monday, hitting $45.63. 422,843 shares of the company traded hands. Emera has a one year low of $43.76 and a one year high of $50.19. The firm has a 50-day moving average of $45.56 and a 200-day moving average of $46.39. The stock has a market capitalization of $9.19 billion and a price-to-earnings ratio of 20.67.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Wednesday, February 15th will be paid a $0.5225 dividend. This represents a $2.09 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Monday, January 30th.

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About Emera

Emera Incorporated is an energy and services company that invests in electricity generation, transmission and distribution, as well as gas transmission and utility services. The Company operates through six segments: NSPI; Emera Maine; Emera Caribbean, which includes Emera (Caribbean) Incorporated and its subsidiaries, which includes The Barbados Light & Power Company Limited, Dominica Electricity Services Ltd., Grand Bahama Power Company Limited, Emera Utility Services (Bahamas) Limited and an equity investment in St.

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